2800-2836 Niles StBakersfield, CA 93306

Property Details for 2800-2836 Niles St

Year built

1951

Property size (Sq ft)

41,143 SF

Property type

Retail properties

Property subtype

Other warehouses

Description

This exceptional Bakersfield, CA commercial property, located at 2800-2836 Niles St (APN 13602001), presents a compelling investment opportunity. The property encompasses a substantial 142,449 square feet on a 142,449 square foot lot, currently operating at 90% occupancy. The multi-tenant building, constructed in 1951, features a diverse mix of uses including convenience store, restaurant, and warehouse space, reflecting its versatile C-2 zoning. With a total of 41,143 square feet of net rentable space, the property offers a strong cash flow, boasting a 5.50% cap rate and an asking price of $3,600,000. The modified lease structure provides flexibility for potential investors. Situated in Kern County, zip code 93306, this property benefits from its prime location in a vibrant commercial area. The property's size and zoning also present potential for future development, adding further value to this significant investment. This multi-unit space is ideal for investors seeking a diversified portfolio with strong rental income and development potential. The property's history of successful tenancy underscores its enduring appeal and market viability. This is a rare opportunity to acquire a substantial commercial property in a thriving Bakersfield location.

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.3762

Longitude

-118.956

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